Lic komal jeevan 159

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Transcript of Lic komal jeevan 159

Company PhilosophyA PLAN
Thoughts that cross every parent’s mind…….
At what stages in the
growth of my child
money for higher
child do not remain
unfulfilled for want of
able to save such
withdraw under one
pretext or another ?
LIC of India presents KOMAL JEEVAN (Plan 159)
You can plan your target savings amount by saving in smaller annual installments instead of lump sum
Guaranteed sums will be
years. i.e. when money is
needed most for child’s
higher education,
marriage and start-in-life.
Premiums waiver is available for a small additional premium, where future premiums are waived in case of unfortunate death of proposer parent and still all the benefits under the policy are protected.
You can create a large and guaranteed ‘Tax Free’ capital for your child which will help him at every stage in life.
LIC of India presents KOMAL JEEVAN (Plan 159)
Plan Details : :
For whom is the plan available? Children upto 10 years of age
For what sums is insurance available?
Rs. 1 lakh - Rs. 25 lakhs
For how many years is
premium payable ?
Premium Payment Mode ?
When does risk commence ?
date of commencement of
age, whichever is later.
LIC of India presents KOMAL JEEVAN
Age
LIC of India presents KOMAL JEEVAN (Plan 159)
If policy is in full force (i.e. premiums are paid uptodate), payment schedule is as under.
Example : Sum Assured Rs. 5 lakhs;
Life Assured’s Age : 0 years
Guaranteed Addition :
Rs.75 per thousand Sum Assured p.a. at the end of each policy year will be added provided the policy is in full force.
This guaranteed is payable on Death of life assured (provided the risk has commenced) or on Maturity.
Loyalty Additions may also be payable on Maturity or on Death after risk commences depending on experience of the Corporation.
% of Sum Assured payable
On policy anniversary falling after child (life assured) attains age
Rs. 1 lakh (i.e. 20% of S.A.)
18 years
20 years
22 years
24 years
26 years
Illustration on Komal Jeevan
Illustrations : Age at entry: 0 years Premium Paying Term: 1 Year
Single Premium: Rs.73,980/- Policy Term: 26 years
Sum Assured: Rs.1,00,000/-
End of year
Guaranteed
Variable
Illustration on Komal Jeevan
Illustrations : Age at entry: 0 years Premium Paying Term: 1 Year
Single Premium: Rs.73,980/- Policy Term: 26 years
Sum Assured: Rs.1,00,000/-
Guaranteed
Variable
Total
Illustration : Survival Benefit
 Illustration 2: Age at entry: 0 years Premium Paying Term: 18 years
Annual Premium: Rs.7,281/- Policy Term: 26 years
Sum Assured: Rs.1,00,000/- 
End of year
Guaranteed
Variable
Illustration: Risk Cover
 
Illustration 2: Age at entry: 0 years Premium Paying Term: 18 years
Annual Premium: Rs.7,281/- Policy Term: 26 years
Sum Assured: Rs.1,00,000/- 
Guaranteed
Variable
Total
Illustration: Assumptions and Disclaimer
 
 
iii)  The main objective of the illustration is that the client is able to appreciate the features of the product and the flow of benefits in different circumstances with some level of quantification.
LIC of India presents KOMAL JEEVAN (Plan 159)
Is Medical Examination
this plan.
in the Life Assured.?
On the policy anniversary
50 years, on payment of
small additional premium.
proposer to the extent of
20% of the basic Sum
Assured under the policy
not exceeding Rs.1 lakh &
payable in case of
unfortunate death of the
proposer before the policy
anniversary on which the
child completes 18 years.
Popularity Meter
3,75,456 policies
after introduction